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Hong Kong luxury real estate prices rise above 1997 peak

Posted on 03 November 2010

From Telegraph: According to data released by the Hong Kong Monetary Authority (HKMA), luxury properties in Hong Kong now command even higher prices than they did before the 1997 Asian crisis, sparking fears of a housing bubble.
The average price for a home of around 100 square metres (1,100 square feet) is now 13.8 per cent higher than in the third quarter of 1997……………………………………….Full Article: Source

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